“For the eight to 10 years after the 2008-09 Lehman crisis, the capital goods or engineering stocks were down in the dumps but they have now started emerging out of the gloom and when any sector wakes up after so long being in slumber, it is more likely to be a 3-5-year run up. Real estate is the other theme which will play out over the next few years although unlike capital goods, here the cash flows are not that strong.”
